Danelec Marine greets investor
Danelec Marine has made public an investment by Northern European growth equity investor Verdane to accelerate the company’s growth in its core markets. Headquartered in Denmark, Danelec Marine is a supplier of voyage data recorders (VDRs), ship-to-shore data communication systems and electronic chart display and information systems (ECDIS).
Under the agreement, which was signed by the end of December 2019, Verdane assumes a majority shareholder position in the privately held corporation. Danelec’s existing shareholders will continue to own shares in the company and the management team, including CEO Hans Ottosen and COO Casper Jensen, will continue in their positions.
Danelec also has branch offices in China and Singapore, plus a worldwide network of distribution and service partners in more than 50 countries. Verdane’s eight funds hold EUR 1.8 billion in total commitments and have made over 120 investments in growth sectors including advanced industry, consumer internet, enterprise software, energy and resource efficiency and financial services. (mw)